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The profit motive is not designed for lazy owners to become rich; rather, it incentivizes innovation, efficiency, and competition in the marketplace. Successful businesses typically require active engagement, strategic planning, and hard work to thrive. While some individuals may exploit the system, the profit motive fundamentally encourages productivity and value creation, benefiting consumers and the economy as a whole.
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What is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is profit motive?
Profit is the difference between cost and proceeds. If the proceeds are more than the cost then one is said to be in profit. Having motivation to achieve proceeds more than the cost is known as profit motive.
How do partnership support the profit motive of entrepreneurs?
Partnerships create better results and hence a larger profit for the entrepreneur (profit motive). When two entrepreneurs is one unit instead of two separate, they have a bigger chance of making a profit.
How do you use profit motive in a sentence?
They had a profit motive, so they did not care about what the work did to the environment. Their profit motive helped progress their ideas for doing business.
What is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
Definition of internal expansion of a business?
this is where the a business or firm has grown in size organically. this usually happens because it's owners are driven by a profit motive.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What gives companies an anti-competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
Incentive for a person to make money for himself?
profit motive
What is profit motive?
Profit is the difference between cost and proceeds. If the proceeds are more than the cost then one is said to be in profit. Having motivation to achieve proceeds more than the cost is known as profit motive.
How do partnership support the profit motive of entrepreneurs?
Partnerships create better results and hence a larger profit for the entrepreneur (profit motive). When two entrepreneurs is one unit instead of two separate, they have a bigger chance of making a profit.
What is a profit motive 3 paragraphs plzz help?
The term profit motive is used in economics. It means the concept or goal a company uses to make money.
What gives companies an anticompetitive impluse?
the profit motive
